Filing Flows › LifeStance Health Group (LFST) › Q1 2026
LifeStance Health Group (LFST) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
LifeStance Health Group (LFST) reported revenue of $403M for the first quarter 2026 (Q1 2026), +21% from a year earlier and +6% from the quarter before. Operating margin was 5.5%, net earnings $14.2M (3.5% of revenue).
LifeStance Health Group, Q1 2026: revenue $403M (+21% year over year), operating margin 5.5%, net earnings $14.2M, operating cash flow $33.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $403M | +6% | +21% |
| Operating profit | $22.3M | +23% | 14× |
| Net earnings | $14.2M | +22% | 20× |
| Operating cash flow | $33.1M | -42% | — |
| Free cash flow | $22.3M | -52% | — |
What changed
Revenue was $403.5M in Q1 2026, up 21% year over year and up 6% from the previous quarter.
Operating profit was $22.3M, a 5.5% margin (up 5.0 points year over year). Of the extra revenue versus Q1 2025, 29% reached operating profit, above the 0% margin then. Total costs grew 15% against revenue growth of 21%. The fastest-growing cost line was Other operating costs (+19%). Net earnings were $14.2M, up 1909% year over year. The effective tax rate was 27.9%.
Operating cash flow was $33.1M, 232% of net earnings. Non-cash charges added back $10.4M of depreciation and amortization and $15.2M of share-based compensation. Working capital and other items used $6.7M. Capital expenditures of $10.8M left free cash flow of $22.3M.
Questions
What was LifeStance Health Group's revenue in the first quarter 2026?
LifeStance Health Group (LFST) reported revenue of $403M for the first quarter 2026 (Q1 2026), +21% from a year earlier and +6% from the quarter before.
Was LifeStance Health Group profitable in the first quarter 2026?
Operating profit was $22.3M (5.5% of revenue) and net earnings $14.2M.